Siemens Gamesa Renewable Energy has closed the acquisition of Senvion’s European service assets and intellectual property (IP). The transaction adds approximately 9 gigawatts of serviced fleet and operations in 13 countries.
The addition of the Senvion assets marks an important step in the company’s growth strategy, part of the company’s L3AD2020 strategic program, and strengthens its competitive position in its multi-brand portfolio.
The Senvion service fleet will increase Siemens Gamesa multibrand footprint to more than 10 gigawatts and its fleet under maintenance to approximately 69 gigawatts. The addition of these assets helps to diversify Siemens Gamesa’s business mix and geographical exposure with contracts that offer long-term visibility and renewal rates that have been historically very high.
Senvion Deutschland — and its European subsidiaries — were acquired as part of the transaction, and will now operate as a pure service provider within S
